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Gold premiums double in India amid surging demand
Gold Premiums Jump as Physical Demand Outstrips Supply
By Siddesh Mayenkar
Reuters
Wednesday, June 26, 2013
http://in.reuters.com/article/2013/06/26/markets-india-gold-idINDEE95P08...
MUMBAI -- Gold premiums doubled in India on Wednesday as suppliers struggled to meet surging demand after a ban on consignment imports, but futures prices fell to their lowest in more than a month as international gold prices fell due to a strong dollar.
India, the world's biggest buyer of gold, now requires importers to pay upfront for inventory, making it difficult for smaller jewellers with lower working capital to source supplies. The government also raised the import duty to 8 percent in May to keep a lid on the surging current account deficit.
... For the full story:
http://in.reuters.com/article/2013/06/26/markets-india-gold-idINDEE95P08...
Jim Sinclair to hold seminars in July
in Chicago, Vancouver, and Scottsdale
Mining entrepreneur and gold trader Jim Sinclair is planning three more seminars on his view of the markets and gold's prospects -- in Chicago on Monday, July 8, in Vancouver on Wednesday, July 10, and in Scottsdale, Arizona, on Friday, July 12. Details can be found at his Internet site, JSMineSet.com, here:
http://www.jsmineset.com/2013/06/13/chicago-vancouver-and-scottsdale-qa-...
Join GATA here:
Liberty Mastermind Symposium
Double Tree Hotel, Dallas-Fort Worth Airport
Friday-Saturday, June 28-29, 2013
http://www.libertymastermind.us/
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